Read the following statements carefully:
Statement 1: Casual workers are hired on a permanent basis and also get social security benefits.
Statement 2: Workforce comprises, both employed and unemployed persons.
- Statement 1 is false:
Casual workers are typically employed on a temporary basis without the guarantee of social security benefits.
- Statement 2 is false:
The workforce comprises only employed individuals; unemployed persons are considered part of the labor force but are not part of the employed workforce.
Conclusion: Both statements are false, so the correct answer is option (D).
Read the following statements carefully:
Statement 1: Expost savings and Expost investments are equal at all levels of income.
Statement 2: Under the effective demand principle, the equilibrium output is equal to exante Aggregate Demand (AD). In the light of the given statements, choose the correct alternative from the following: